Trust Bloomberg Tax Provision for fast, accurate calculations
Companies might be hesitant to switch from Excel to tax software since there are a lot of tech solutions on the market that overpromise but underdeliver. Bloomberg Tax Provision software, though, will help you manage risk, save time, and ensure accuracy.
Our software is a complete ASC 740 solution, providing strong review and audit support with Excel reports that include formulas, something our competitors don’t do. It’s intuitive, robust, and the rate rec always ties. In addition, Bloomberg Tax’s software supports companies with existing reporting needs and those with additional calculations due to business changes, such as expansion into new jurisdictions. Most importantly, it’s built by tax practitioners for tax practitioners.
Unlike other tax provisions solutions, Bloomberg Tax Provision is extremely fast to implement, learn and use.
National hybrid IT provider Flexential ran Bloomberg Tax Provision and Excel side-by-side for a year. During that period, Flexential experienced significant business growth, in which only Bloomberg Tax Provision could satisfy their tax needs.
“Bloomberg Tax Provision was faster, easier, more precise, and much more flexible [compared to Excel],” said Flexential’s tax manager. “When you can create your provision in Excel, there are so many manual steps and processes in place that it leaves a good amount of risk in an environment where it is critical to get everything correct. With Bloomberg Tax Provision, you enter data once, and it knows how to flow through.”
To learn more, schedule a free demo.